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Technical analysis of GBP/CHF for June 05, 2015


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Technical outlook and chart setups:

The GBP/CHF pair has remained broadly unchanged from yesterday and is trading around 1.4340 at the moment. The pair is still expected to stage at least a counter-trend rally towards 1.4600/50 in the sessions to come. Please note that the best buy level remains at 1.4150. It is recommended to remain long for now and also look to add further on dips, with risk at 1.4100. Immediate support is seen at 1.4200 (interim), followed by 1.4100/50, 1.3850, and lower. Resistance is seen at the level of 1.4650 followed by 1.4700 and higher respectively.

Trading recommendations:

Remain long for now, look to add further around 1.4150, stop is at 1.4100, a target remains open.

Good luck!



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